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It’s possible to retire on less than $1M

The article stating that a couple would need $1.35 million to retire is obviously incorrect and misleading. From my own experience and from basic arithmetic it could be shown that substantially less than $1 million would be required to provide a reasonably comfortable lifestyle for a retired senior couple in Canada. BMO is in the business of selling RRSPs and other savings plans and the study quoted is simply a means to frighten customers and promote their bank. You are indirectly insulting the readers’ intelligence when you publish such articles as this and call it “news.”

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